Thursday April 24, 2014 Search
Weather | Athens
21o C
15o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Gradual return to the markets with a 5-year bond

By Sotiris Nikas

Alternate Finance Minister Christos Staikouras laid out Greeces gradual return to international money markets in Parliament on Thursday, citing the issue of a new five-year bond as an example.

Staikouras stated that the ministry is aiming to strengthen liquidity in the Greek bond market, including through bond exchanges. In addition he claimed that the government is making plans for a series of other portfolio management moves concerning existing issues in order to improve cash flow and for further reductions in the cost of borrowing, also aimed at the countrys gradual return to the capital markets.

In this context Staikouras said that the gradual return to markets with the issuing of a medium-term maturity [e.g. five years] and with sufficient liquidity will contribute to the decline in the yields of all forms of state debt, resulting in enterprises being able to borrow funds at a more reasonable cost.

Meanwhile, investment firm Nomura presented on Thursday three alternative scenarios for the future of Greece and its funding, suggesting that the countrys needs could range from 13 to 28 billion euros up to 2018. The scenarios are all based on the assumption that the privatizations program will reach at least 50 percent of its target.

The first scenario provides for a full return to the capital markets, taking the countrys needs to 28 billion euros; the second concerns a partial tapping of markets for the drawing of 9 billion euros if the country drops out of the International Monetary Funds program at end-2014 with needs amounting to 25 billion euros; and the third is against tapping the markets, with all 13 billion euros needed being covered by the countrys creditors.

ekathimerini.com , Thursday February 27, 2014 (23:19)  
Benchmark up thanks to late blue chip rally
PPC to sell 500 mln euros of 3- and 5-year bonds
Greeces NBG launches 5-year bond to raise up to 750 mln euros
Samaras meeting with Dimon key to Greek return to bond markets
Work at new Athens cultural center gathering pace
It was revealed on Thursday that the outer shell of buildings at the Stavros Niarchos Foundation Cultural Center should be completed by July 28. The planting of trees and shrubs on the 17-he...
Greece makes request for debt relief as loan tranche approved
Greece made its first official request on Thursday for further debt relief as the Euro Working Group (EWG) met in Brussels to rubber-stamp the 2013 primary surplus and approve the release of...
Inside News
SOCCER
4,000 officers to police Greek Cup final
Police says it will ban mass gatherings in central Athens amid heavy security measures planned for Saturday's Greek Cup final between Panathinaikos and PAOK at the Olympic Stadium. More than...
BASKETBALL
Never underestimate the Greek hoopsters
Olympiakos and Panathinaikos, who between them have won the last three European crowns, won again at home on Wednesday to take their Euroleague play-off series with Real Madrid and CSKA Mosc...
Inside Sports
COMMENTARY
At the mercy of fools
The death of a young man at an Easter lunch in a village near Rethymno on Crete and the very serious injury of an American guest at a Resurrection ceremony on Santorini must not be forgotten...
COMMENTARY
Putting the party above the country
The case of Sabiha Suleiman, the Roma activist whose candidacy for the European Parliament was announced by SYRIZA only to be withdrawn shortly afterward, is an illustration of the leftist o...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Work at new Athens cultural center gathering pace
2. Greece makes request for debt relief as loan tranche approved
3. New court to deal with major crime, graft cases
4. More than 20,000 protests since 2010 bailout
5. Red tape cut for EU law graduates
6. Balkan train links to resume on May 10, with discounts
more news
Today
This Week
1. Putting the party above the country
2. Three missing from cargo ship that went down off Crete
3. Strong card in debt talks
4. Central Athens cleanup a sign of Greece's turnaround
5. Samaras meeting with Dimon key to Greek return to bond markets
6. Police on high alert for Greek Cup final in Athens on Saturday
Today
This Week
1. Greece startup leaders say they cant break jobless cycle alone
2. Ground-breaking Good Friday mass signals thaw in Cyprus
3. Mayoral candidates clash over Athens mosque plans
4. Putting the party above the country
5. Government looks to kick on
6. Greece offers to help find Turkish F-16 lost in 1996
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.